​Greece faces off with creditors at non-existent eurozone summit

Published time: 8 Jul, 2015 07:21

Reuters / David Gray / Reuters

Eurozone leaders held an emergency summit in Brussels on Tuesday to discuss the repercussions of the Greek referendum, which echoed a resounding “NO” vote from the Greek people. They deemed the bailout terms set by international creditors were too austere. Prime Minister Tsipras was expected to unveil a new proposal for discussion, but a number of reports indicate no such proposal was presented. Ameera David weighs in.

Edward Harrison joins Ameera on the ground in Athens, where he is covering the latest on the debt crisis. Edward gives us his take on the emergency summit and how the humanitarian crisis in Greece has unraveled.

After the break, Bianca Facchinei takes a look at bitcoin’s role in the Greek debt debacle. Though bitcoin is far from its peak vale of $979, it’s trading around its highest rate since March and bitcoin bulls expect the demand to increase.

Erin Ade sits down with Daniel Alpert – managing partner at Westwood Capital. Daniel tells us what would happen to Greece if they implemented a new drachma and whether he expects other countries, such as China or Russia, to supply funding.

And in The Big Deal, Ameera and Erin talk about the Russian Direct Investment Fund, which this week announced that Saudi Arabia has signed a commitment to invest up to $10 billion in Russia.